Mortgage credit availability decreased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
Category: News and Trends
Quote: Aug. 9, 2023
“Treasury yields rates rose last week and mortgage rates followed suit, due to a combination of the
Treasury’s funding announcement and the downgrading of the U.S. government debt rating.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
Berkadia: Student Housing Operating Fundamentals Strong
Berkadia, New York, found student housing operating fundamentals are among the strongest in the commercial real estate sector, with the fall 2023 lease-up cycle the fastest on record.
Dale Larson III from Modex: Loan Officers, Are You Leveraging These 5 Strategies for Success Right Now?
As we’ve collectively moved through the turbulence of a post-pandemic market, we’ve found ourselves in the middle of a market correction. Loan officers are feeling the effects just about everywhere. Consumer behaviors are changing, and so are the types of products they need.
MBA Chart of the Week Aug. 7: Average Home Loan Size
This week’s Chart of the Week explores differences in average home purchase loan sizes by company type, where company types are defined by primary regulator and balance sheet assets (with large depositories holding assets of $10 billion or more).
Freedom Mortgage Announces Maroon 5 Concert Oct. 16
Freedom Mortgage Corp., a private company founded outside of Philadelphia in Mount Laurel, N.J., announced a concert and networking event featuring Maroon 5 on Monday, Oct. 16 at the Kimmel Cultural Campus in Philadelphia.
Mortgage Credit Availability Decreased in July
Mortgage credit availability decreased in July according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.
Black Knight: Housing Market Reheating
The housing market is “reheating,” with home prices hitting new peaks at the national and local level and no end in sight to the inventory shortage driving price increases, reported Black Knight, Jacksonville, Fla.
Freddie Mac: Multifamily Demand Returning Slowly in Uncertain Economic Climate
Freddie Mac, McLean, Va., projects the multifamily market will continue to stabilize but see below-average growth through the rest of the year.
Berkadia: Student Housing Operating Fundamentals Strong
Berkadia, New York, found student housing operating fundamentals are among the strongest in the commercial real estate sector, with the fall 2023 lease-up cycle the fastest on record.